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Posts related to ‘mining companies’

underground mining

Glencore’s CEO Weighs In on Mining’s Future

Posted: February 26, 2013 at 10:50 am

We have already covered the sea change that is washing over the mining industry. Where past practice has been to invest heavily in new assets with the strategy that growth ...
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underground mining

Miners Looking for More Gold — on Wall St.

Posted: February 22, 2013 at 8:40 am

Without going through all the changes in the top management of the world’s largest mining companies, there is one thing that stands about virtually all of these changes: putting more ...
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Mining

Cliffs Takes Charge on 2011 Acquisition

Posted: January 24, 2013 at 12:01 pm

Iron ore miner Cliffs Natural Resources Inc. (NYSE: CLF) said this morning that it would take a $1.4 billion non-cash impairment charge related to several of its mining operations in ...
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old mining hardhat with head light

$14 Billion Write-Down Costs Rio Tinto CEO His Job

Posted: January 17, 2013 at 9:38 am

Mining giant Rio Tinto PLC (NYSE: RIO) said this morning that the company expects to take a noncash impairment charge totaling $14 billion in its full-year 2012 results. Rio Tinto’s ...
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Oil pumpjack

Freeport’s Big Spending Not So Bad — Moody’s

Posted: December 7, 2012 at 12:32 pm

After getting pummeled for two days, shares of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) are getting a bit of boost today following an announcement from Moody’s that the proposed ...
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Offshore drill rig

Freeport-McMoRan Returns to the Energy Business

Posted: December 5, 2012 at 9:07 am

At least one big mining firm has made acquisitions in the energy field in an effort to boost profits in the face of a slowdown in demand for mined materials. ...
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Update 2: Xstrata OKs Glencore Deal Minus Retention Package

Posted: November 20, 2012 at 10:38 am

As far as shareholders are concerned, the merger between Glencore International and Xstrata plc is now in the books. Xstrata shareholders approved the $31 billion merger agreement without the retention ...
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Update: Xstrata Nixes Glencore Merger, Another Vote to Come

Posted: November 20, 2012 at 10:12 am

Even though more than 99% of Glencore International shareholders voted to approve the $31 billion merger with Xstrata, the mining company’s shareholders failed to approve the deal in a vote ...
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Glencore, Xstrata Deal Nearly Completed

Posted: November 20, 2012 at 7:23 am

Shareholders of Swiss-based Glencore International have voted overwhelming to support the company’s $67 billion merger with miner Xstrata. At a meeting this morning, more than 99% of Glencore’s shareholders voted ...
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Another Look at Expected Gains in Metals and Materials Stocks (X, NUE, STLD, NEM, ABX, SLW, FCX, SCCO, TIE, AA, MCP)

Posted: November 11, 2011 at 3:01 pm

In mid-October, we took a look at target prices and implied gains among 11 metals and materials stocks. The companies we examined were United States Steel Corp. (NYSE: X), Nucor ...
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Gold Miners Outshine Copper Miners (RIO, BHP, VALE, FCX, SCCO, NEM, ABX, AUY, SLW, GLD, GDX, SLV, SIL)

Posted: September 22, 2011 at 8:22 am

At yesterday's meeting for investors, Rio Tinto plc (NYSE: RIO) offered a subdued forecast for the iron ore and copper markets going forward. There was some upbeat talk about new ...
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Mining Boom Times Continue (BHP, RIO, CAIQF, GLNCY, AAUKY, MACDF, BTU, MT, YZC)

Posted: August 24, 2011 at 11:26 am

The world's largest mining company, BHP Billiton plc (NYSE: BHP) reported an increase in profits of 86% and a revenue increase of 36% for its 2011 fiscal year ended June ...
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Commodity Watch: Iron Ore Demand Indicates Less Shipping (VALE, RIO, BHP, DSX, GNK, EXM, EGLE)

Posted: June 21, 2011 at 1:26 pm

Ever since the iron ore miners forced customers to accept quarterly price changes, the price for seaborne iron ore has more than doubled. China, the largest consumer of iron ore, ...
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Commodities Focus as Nationalist Win in Peru Sends Chills to Miners (BHP, NEM, PAAS, TCK, ABX, GG, XSRAY, AAUKY, FCX)

Posted: June 6, 2011 at 1:34 pm

Ollanta Humala, a left-leaning nationalist, won nearly 51% of the vote in Sunday's presidential election in Peru and will take office in late July. Humala has promised to raise royalty ...
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Commodities Watch: Barrick Outbids Chinese Miner; China Raises Quotas on Some Metals; USDA Releases Food Price Forecast (ABX, EQXMF, LUNMF)

Posted: April 25, 2011 at 2:48 pm

Today's news includes a higher bid for a Canadian copper and gold miner, some higher quotas on Chinese metal exports, and the latest forecast on food prices for 2011 from ...
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